Metodología para generar Indicadores de Actividad en Infraestructura y Vivienda
This article depicts an alternative methodology for measuring the investment activity in Chile’s infrastructure and housing sectors. The methodology is based on the Stock & Watson index (1989), which defines activity indicators as “an unobservable underlying state”. We use the Kalman Filter as an estimation method. Then, by applying the Chow & Lin methodology (1971), we interpolate the disaggregated investment annual series of the National Accounts System. The result is new quarterly investment data for both sectors which can be used in future research.
Volume (Year): 47 (2010)
Issue (Month): 136 ()
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178d, Harvard - J.F. Kennedy School of Government.
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1996_07, York University, Department of Economics.
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- Mackinnon, J.G. & Haug, A.A. & Michelis, L., 1996. "Numerical Distribution Functions of Likelihood Ratio Tests for Cointegration," G.R.E.Q.A.M. 96a09, Universite Aix-Marseille III.
- Luis Fernando Melo & Fabio Nieto & Mario Ramos V., 2003.
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001920, BANCO DE LA REPÚBLICA.
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- Chang-Jin Kim & Charles R. Nelson, 1999. "State-Space Models with Regime Switching: Classical and Gibbs-Sampling Approaches with Applications," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262112388, March.
- James H. Stock & Mark W. Watson, 1988. "A Probability Model of The Coincident Economic Indicators," NBER Working Papers 2772, National Bureau of Economic Research, Inc.
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